vs
拉夫劳伦（RL）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是拉夫劳伦的1.5倍（$3.7B vs $2.4B），道富集团净利率更高（20.4% vs 15.0%，领先5.3%），拉夫劳伦同比增速更快（12.2% vs 7.5%），道富集团自由现金流更多（$9.8B vs $704.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs 8.1%）
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
RL vs STT — 直观对比
营收规模更大
STT
是对方的1.5倍
$2.4B
营收增速更快
RL
高出4.8%
7.5%
净利率更高
STT
高出5.3%
15.0%
自由现金流更多
STT
多$9.1B
$704.0M
两年增速更快
RL
近两年复合增速
8.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.7B |
| 净利润 | $361.6M | $747.0M |
| 毛利率 | 69.9% | — |
| 营业利润率 | 19.6% | 25.0% |
| 净利率 | 15.0% | 20.4% |
| 营收同比 | 12.2% | 7.5% |
| 净利润同比 | 21.6% | -4.6% |
| 每股收益（稀释后） | $5.82 | $2.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RLSTT
| Q4 25 | $2.4B | $3.7B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $1.7B | $3.4B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $2.1B | $3.4B | ||
| Q3 24 | $1.7B | $3.3B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.6B | $3.1B |
净利润RLSTT
| Q4 25 | $361.6M | $747.0M | ||
| Q3 25 | $207.5M | $861.0M | ||
| Q2 25 | $220.4M | $693.0M | ||
| Q1 25 | $129.0M | $644.0M | ||
| Q4 24 | $297.4M | $783.0M | ||
| Q3 24 | $147.9M | $730.0M | ||
| Q2 24 | $168.6M | $711.0M | ||
| Q1 24 | $90.7M | $463.0M |
毛利率RLSTT
| Q4 25 | 69.9% | — | ||
| Q3 25 | 68.0% | — | ||
| Q2 25 | 72.3% | — | ||
| Q1 25 | 68.7% | — | ||
| Q4 24 | 68.4% | — | ||
| Q3 24 | 67.0% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 66.6% | — |
营业利润率RLSTT
| Q4 25 | 19.6% | 25.0% | ||
| Q3 25 | 12.2% | 31.1% | ||
| Q2 25 | 15.9% | 25.8% | ||
| Q1 25 | 9.1% | 25.0% | ||
| Q4 24 | 18.2% | 28.1% | ||
| Q3 24 | 10.4% | 28.4% | ||
| Q2 24 | 13.8% | 28.6% | ||
| Q1 24 | 6.9% | 19.1% |
净利率RLSTT
| Q4 25 | 15.0% | 20.4% | ||
| Q3 25 | 10.3% | 24.3% | ||
| Q2 25 | 12.8% | 20.1% | ||
| Q1 25 | 7.6% | 19.6% | ||
| Q4 24 | 13.9% | 22.9% | ||
| Q3 24 | 8.6% | 22.4% | ||
| Q2 24 | 11.1% | 22.3% | ||
| Q1 24 | 5.8% | 14.8% |
每股收益（稀释后）RLSTT
| Q4 25 | $5.82 | $2.41 | ||
| Q3 25 | $3.32 | $2.78 | ||
| Q2 25 | $3.52 | $2.17 | ||
| Q1 25 | $2.03 | $2.04 | ||
| Q4 24 | $4.66 | $2.43 | ||
| Q3 24 | $2.31 | $2.26 | ||
| Q2 24 | $2.61 | $2.15 | ||
| Q1 24 | $1.37 | $1.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.3B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $27.8B |
| 总资产 | $7.8B | $366.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资RLSTT
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
股东权益RLSTT
| Q4 25 | $2.9B | $27.8B | ||
| Q3 25 | $2.6B | $27.6B | ||
| Q2 25 | $2.5B | $27.3B | ||
| Q1 25 | $2.6B | $26.7B | ||
| Q4 24 | $2.5B | $25.3B | ||
| Q3 24 | $2.4B | $25.8B | ||
| Q2 24 | $2.4B | $24.8B | ||
| Q1 24 | $2.5B | $24.4B |
总资产RLSTT
| Q4 25 | $7.8B | $366.0B | ||
| Q3 25 | $7.3B | $371.1B | ||
| Q2 25 | $7.8B | $376.7B | ||
| Q1 25 | $7.0B | $372.7B | ||
| Q4 24 | $7.1B | $353.2B | ||
| Q3 24 | $6.8B | $338.5B | ||
| Q2 24 | $6.6B | $325.6B | ||
| Q1 24 | $6.6B | $338.0B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $779.6M | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $704.0M | $9.8B |
| 自由现金流率自由现金流/营收 | 29.3% | 266.6% |
| 资本支出强度资本支出/营收 | 3.1% | 7.3% |
| 现金转化率经营现金流/净利润 | 2.16× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $694.5M | $10.8B |
8季度趋势，按日历期对齐
经营现金流RLSTT
| Q4 25 | $779.6M | $10.0B | ||
| Q3 25 | $53.2M | $7.9B | ||
| Q2 25 | $176.1M | $-8.4B | ||
| Q1 25 | $122.2M | $2.4B | ||
| Q4 24 | $738.4M | $-7.4B | ||
| Q3 24 | $97.2M | $2.7B | ||
| Q2 24 | $277.3M | $-7.6B | ||
| Q1 24 | — | $-844.0M |
自由现金流RLSTT
| Q4 25 | $704.0M | $9.8B | ||
| Q3 25 | $-40.6M | $7.7B | ||
| Q2 25 | $-11.2M | $-8.8B | ||
| Q1 25 | $42.3M | $2.2B | ||
| Q4 24 | $677.2M | $-7.7B | ||
| Q3 24 | $55.5M | $2.5B | ||
| Q2 24 | $243.9M | $-7.9B | ||
| Q1 24 | — | $-1.1B |
自由现金流率RLSTT
| Q4 25 | 29.3% | 266.6% | ||
| Q3 25 | -2.0% | 216.0% | ||
| Q2 25 | -0.7% | -254.1% | ||
| Q1 25 | 2.5% | 66.1% | ||
| Q4 24 | 31.6% | -225.1% | ||
| Q3 24 | 3.2% | 75.9% | ||
| Q2 24 | 16.1% | -246.2% | ||
| Q1 24 | — | -34.2% |
资本支出强度RLSTT
| Q4 25 | 3.1% | 7.3% | ||
| Q3 25 | 4.7% | 6.9% | ||
| Q2 25 | 10.9% | 9.3% | ||
| Q1 25 | 4.7% | 6.9% | ||
| Q4 24 | 2.9% | 7.3% | ||
| Q3 24 | 2.4% | 7.2% | ||
| Q2 24 | 2.2% | 6.7% | ||
| Q1 24 | — | 7.3% |
现金转化率RLSTT
| Q4 25 | 2.16× | 13.44× | ||
| Q3 25 | 0.26× | 9.18× | ||
| Q2 25 | 0.80× | -12.18× | ||
| Q1 25 | 0.95× | 3.72× | ||
| Q4 24 | 2.48× | -9.49× | ||
| Q3 24 | 0.66× | 3.71× | ||
| Q2 24 | 1.64× | -10.75× | ||
| Q1 24 | — | -1.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
RL
暂无分部数据
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
